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12 May 2023

Analog Devices

Analog Devices response

Our statement is below on Combatting Unauthorized Resale or Diversion of ADI Products:

As a global public company, Analog Devices is committed to complying with all applicable laws and regulations in the countries where we operate.

Following Russia’s invasion of Ukraine, and in compliance with U.S. and EU sanctions, Analog Devices ceased business activities in Russia, and in the Russian-backed regions of Ukraine and Belarus, and promptly instructed all of our distributors to halt shipments of our products into these regions. Any post-sanctions shipment into these regions is a direct violation of our policy and the result of an unauthorized resale or diversion of ADI products.

Combatting unauthorized resale or diversion, and the unintended misuse of products and technologies, is a challenge that the entire semiconductor industry faces, and one that ADI takes very seriously. This challenge is also recognized worldwide, including by the United Nations. To meet this challenge, ADI has reviewed our internal controls, practices, and distribution channels, as well as our processes to manage grey market activity and product misuse. We are strengthening our efforts to identify and counter this activity, including implementing enhanced monitoring and audit processes, and taking enforcement action where appropriate. We are also enhancing our monitoring of grey market activity overall. We believe these measures will help to reduce unauthorized resale, diversion, and unintended misuse of our products.

Please also find the Analog Devices, Inc. Statement on Misuse, Grey Market and Counterfeiting of Products from ADI’s website: https://www.analog.com/en/about-adi/legal-and-risk-oversight.html